11/09/2004

Avoid Startup Funding Mistakes

From WSJ StartupJournal:

"Whether you're bootstrapping a new business from your basement or thinking big and trying to raise thousands of dollars from investors, making certain funding mistakes can be fatal.

A classic problem is overestimating revenues your new business will generate and underestimating expenses...

To get your new venture off to a good start, here's a list of common mistakes to avoid when seeking financing.

Not raising enough capital...
Risking everything you own.
Borrowing from friends and family...
Failing to keep good records..."